Red Pine Exploration (CVE:RPX) Stock Price Up 16.7%

Red Pine Exploration Inc. (CVE:RPXGet Free Report) rose 16.7% on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 1,034,100 shares changed hands during trading, an increase of 133% from the average daily volume of 443,731 shares. The stock had previously closed at C$0.09.

Red Pine Exploration Stock Up 5.6 %

The firm’s 50-day moving average price is C$0.18 and its 200 day moving average price is C$0.19. The company has a market capitalization of C$18.12 million, a P/E ratio of -2.38 and a beta of 1.19.

Red Pine Exploration Company Profile

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Red Pine Exploration Inc engages in the acquisition, exploration, and development of mining properties in Canada. Its flagship project is the Wawa Gold Project that covers an area of 7,182 hectares located to the east of the Town of Wawa in northern Ontario. The company was formerly known as Vencan Gold Corporation and changed its name to Red Pine Exploration Inc in March 2009.

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